Second Draw Period definition

Second Draw Period is the period commencing on the date of the occurrence of the Revenue Event and ending on the earlier of (i) March 31, 2018 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Revenue Event an Event of Default has occurred and is continuing.

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Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

Second Draw Period is the period commencing on the date of the occurrence of the Positive Data Event and ending on the earliest of (i) the date that is sixty (60) days immediately after the occurrence of the Positive Data Event, (ii) June 30, 2018 and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Positive Data Event an Event of Default has occurred and is continuing.

Examples of Second Draw Period in a sentence

• If the Second Draw Period commences and Borrower fails to draw the full amount of the Term B Loans in accordance with the terms hereof, a fully earned and non-refundable non-utilization fee in the amount of One Hundred Thousand Dollars ($100,000.00) which shall become due and payable upon the earliest of: (i) the Maturity Date, (ii) the acceleration of any Term Loan, (iii) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), or (iv) the date that Second Draw Period ends.

• During the Second Draw Period, Borrower may request one (1) additional Term Loan Advance in an amount of Four Million Dollars ($4,000,000).

• During the Second Draw Period, Bank shall make one (1) Bridge Loan (the “Second Bridge Loan Advance”) available to Borrower in an amount up to One Million Dollars ($1,000,000.00).

• Subject to the terms and conditions of this Agreement, upon Borrower’s request, during the Second Draw Period, Bank shall make one (1) term loan advance (the “Term C Loan Advance”) available to Borrower in an original principal amount of Five Million Dollars ($5,000,000.00).

• During the Second Draw Period, Lenders agree, severally and not jointly, to make one (1) Term Loan (the “Second Term Loan”) available to Borrower in an amount equal to One Million Dollars ($1,000,000), according to each Lender’s pro rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.

More Definitions of Second Draw Period

Second Draw Period is the period commencing on the date of the occurrence of the Second Draw Milestone and ending on the earlier of (i) December 31, 2013 or (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Second Draw Milestone an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the Trial Milestone Date and ending on (and including) the earliest of (i) sixty (60) days after the Trial Milestone Date, (ii) December 31, 2019 and (iii) the occurrence of an Event of Default.

Second Draw Period is the period commencing on the date of the occurrence of the Term B Funding Milestones and ending on the earlier of (i) May 31, 2018 and (ii) the occurrence and continuation of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Funding Milestones an Event of Default has occurred and is continuing

Second Draw Period is the period commencing on the Phase III Determination Date and ending on the earlier of (i) September 30, 2014 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Phase III Determination Date an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the Equity Event and ending on the earliest of (i) ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) the date that is 30 days immediately after the occurrence of the Equity Event and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Equity Event an Event of Default has occurred and is continuing.

Second Draw Period is the period of time commencing upon on February 1, 2008 through the earliest to occur of (a) Bridge Loan Maturity Date, and (b) an Event of Default.” and inserting in lieu thereof the following:

Second Draw Period is the period commencing on the date on which Borrower achieves Positive Pivotal Ataluren Data and ending on April 30, 2010.” and inserting in lieu thereof the following: